This article was first published on DollarsAndSense.sg
It takes years of diligence to develop a good habit, which also means it takes the same amount of effort trying to get rid of one. Growing up in a sheltered and comfortable environment, many Singaporeans are unable to separate needs from wants. And because many have developed unrealistically high expectation of their standard of living, this eventually causes a strain on their salaries and, as a result, many go into debt woes and cashflow problems.